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Home equity loans from Bellco FCU in Sinking Spring, PA, can help you pay for big-ticket purchases, such as home improvements, dream vacations, weddings, tuition expenses, debt consolidations and more, without touching your savings.

Bellco Federal Credit Union has been a member-owned, not-for-profit federal credit union since 1938, and continues to offer unique financial products and services to individuals and small businesses in Berks County, PA.

Our mission is to improve the quality of life for our member-owners, and we align our products and services to help us achieve that mission. Our team will work with you to make sure you get the loan that’s right for you and your budget.



About Home Equity Loans

Bellco FCU offers a variety of financing options, including the traditional Home Equity Loan. This is a second mortgage that is secured by the equity in your home and provides funds in a lump sum at a fixed rate for a fixed term (up to 15 years). It is similar to refinancing your mortgage, but without many of the closing costs.

Use the funds to replace the roof on your home, finance a home improvement project, assist with debt consolidation, pay off a major unexpected expense, and so on. The loan is repaid in budget-friendly fixed monthly payments, just like your original mortgage.

If you are planning home improvements that will be done in stages or need the funds for continuing medical bills or tuition payments, you may want to consider a Home Equity Line of Credit (HELOC), which can provide you with more flexibility.

This option works very much like a credit card and can be used when you need it, such as for financing an ongoing home-improvement project, paying ongoing tuition, or paying for recurring expenses.

Unlike the traditional home equity loan, the interest rate on the HELOC is adjustable (not fixed), which means it may change over the term of the loan.

The draw period (the allotted time to borrow on the loan) is typically 5 to 10 years, and minimum payments will be due on the amounts you draw out.

As you pay off the principal, your credit revolves, and you can use it again and again for the duration of the draw period. When the draw period ends, you are responsible for repaying principal and interest on the loan.

If you’re not sure which type of home equity loan will best meet your needs, the trusted and experienced professionals at Bellco FCU are always available to answer your questions and help you choose the best solution.

Are You Eligible to Join Bellco FCU?

Anyone who lives, works, worships, or attends school in Berks County may join Bellco FCU, including immediate family members, such as your spouse, children, siblings and parents.

Simply open a Member Savings account with as little as $5, and set up your membership in minutes. Once you join, you can remain a member for life, whether you change jobs, retire, or move out of Berks County.

Enjoy financial freedom with home equity loans from Bellco FCU in Sinking Spring, PA. Apply online and get the cash you need to pay for unexpected expenses.